Grahakjago (S.K.Virmani)©

GST Profiteering- Is National Anti-Profiteering Authority an eye-wash or dedicated efforts Couple of articles on the subject have been posted in this blog. One such article of relevance was written on 25th May 2018 with title as: National Anti-Profiteering Authority- Is it really effective in handling complaints of profiteering https://skvirmani-jagograhak.blogspot.com/2018/05/national-anti-profiteering-authority-is.html There have been number of posts alleging profiteering by the industry post implementation of GST. I had also initially brought out a case where the restaurant had adopted to profiteering on the pretext of GST whereas the GST should have reduced the prices by around 10%. on the contrary, the restaurant had increased the prices by about 40 to 50% just immediately after GST. The reason of increase in prices just next day of GST implementation was cited as GST. No action has been taken by the National Anti-Profiteering Authority.   It is also a fact that th...

National Anti-profiteering Authority - is it really effective in handling complaints of profiteering   An article titled "Restaurant Industry- Whether GST leading to Profiteering" was published in this blog on 8th August 2017, the url of which is http://skvirmani-jagograhak.blogspot.in/2017/08/restaurant-industry-whether-gst-leading.html The article was mailed to the National Anti-profiteering Authority as well as the same was also brought to their attention through social media of Local Circle Community. It seems no action has been taken as the Le-Chef Restaurant not only continuing the business of profiteering after implementation of GST but also now adapting to unethical business practices. As analyzed in my article on 8th August 2017 in this blog, it was substantiated that the Restaurant in the name of GST, has increased the prices of various commodities as high as 39%. This increase in the prices despite reduction in the impact of the taxes, amounts to an...